National Pension Service Purchases 10,738 Shares of Crown Holdings, Inc. $CCK

National Pension Service raised its position in Crown Holdings, Inc. (NYSE:CCK) by 550.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,688 shares of the industrial products company’s stock after buying an additional 10,738 shares during the period. National Pension Service’s holdings in Crown were worth $1,226,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AlphaQuest LLC boosted its position in Crown by 89.9% in the third quarter. AlphaQuest LLC now owns 31,829 shares of the industrial products company’s stock worth $3,074,000 after purchasing an additional 15,070 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Crown by 0.7% in the 3rd quarter. Arizona State Retirement System now owns 34,411 shares of the industrial products company’s stock worth $3,324,000 after buying an additional 225 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Crown during the third quarter valued at about $459,000. SYM FINANCIAL Corp increased its holdings in Crown by 27.2% during the third quarter. SYM FINANCIAL Corp now owns 3,244 shares of the industrial products company’s stock worth $313,000 after buying an additional 694 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Crown by 1.2% in the third quarter. New York State Common Retirement Fund now owns 56,890 shares of the industrial products company’s stock worth $5,495,000 after acquiring an additional 687 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCK. Wells Fargo & Company raised their price target on shares of Crown from $99.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. UBS Group raised their target price on Crown from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Raymond James Financial restated an “outperform” rating and issued a $115.00 target price (up from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Truist Financial increased their price target on Crown from $126.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research note on Monday, December 29th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.62.

Crown Stock Up 3.4%

Shares of NYSE:CCK opened at $111.48 on Wednesday. The firm has a fifty day moving average price of $102.04 and a two-hundred day moving average price of $99.08. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.24 and a beta of 0.73. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $112.30.

Insider Activity

In related news, CEO Timothy J. Donahue sold 29,024 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $105.00, for a total value of $3,047,520.00. Following the sale, the chief executive officer directly owned 411,556 shares of the company’s stock, valued at $43,213,380. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the completion of the transaction, the chief operating officer directly owned 96,841 shares in the company, valued at $9,782,877.82. The trade was a 16.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 64,754 shares of company stock valued at $6,720,634 in the last three months. 0.90% of the stock is owned by insiders.

Crown Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.